The stock of Opera Limited (NASDAQ:OPRA) increased by $1.37 on Tuesday to at $14.99, up 10.06 percent. The last five days have seen an average of 1,650,092 shares of common stock traded. 40 times new highs were reached in the current year, with a gain of $8.74. The average number of shares traded over the last 20 days was 878,183, while the average volume over the last 50 days totaled 1,798,007.
OPRA stock dropped -16.68% since last month. On 08/25/23, the company’s shares reached a one-month low of $12.11. The stock touched a high of $28.58 on 07/13/23, after rallying from a low of $3.49 in 52 weeks. The price of OPRA stock has risen by 167.42% or $8.74 this year, reaching a new high 40 times. Still, the stock price is down -47.55% from the 52-week high.
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Valuation Metrics
Opera Limited (OPRA) has a trailing price-to-earnings (P/E) ratio of 35.86. Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.92, the price-to-book (PB) ratio of 1.65, and the price-to-cash flow ratio of 16.64.
Company paid $0.40 per share in dividends, a decrease of -46.67% from $0.75 last year. A $0.35 dividend decrease was reported on Wednesday June 14 2023.
Financial Health
For the three months ended June 29, Opera Limited’s current ratio was 4.30. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 0.01. As far as profitability goes, gross margin for the trailing twelve months is 81.70% percent. Opera Limited’s EBITDA margin for the year ended June 29 was 17.66%, whereas its operating margin stood at 16.10% for the same period. Based on annual data, it had gross profit of $284.86 million and revenue of $331.51 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 3.70% return on investment (ROI) in the past year.
Earnings Surprise
According to Opera Limited’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $331.04 million, while revenues rose by 24.18% to $0.0. It was predicted that Opera Limited’s quarterly earnings would be $0.16, but it ended up being $0.16. EBITDA was $15.89 million for the quarter. At the end of Opera Limited’s most recent quarter ended June 29, its liabilities totaled 92.05 million, while its total debt was $8.06 million.
Technical Picture
Here’s a quick look at Opera Limited’s (OPRA) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 49.66%, suggesting the stock is Neutral, with a 115.21% historical volatility rate.
The stochastic %K and %D were 37.01% and 22.03% respectively, while the average true range (ATR) was 1.15. Based on the 14-day stochastic reading of 67.28%, the RSI (14) reading is 45.24%. On the 9-day MACD Oscillator, the stock is at -0.34, and the 14-day reading is at -0.86.
Analyst Ratings
In its analyst report released on May 21, 2020, Cowen began covering Opera Limited (NASDAQ: OPRA). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Opera Limited (OPRA) an Buy rating. OPRA is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is OPRA’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $23.00, with a median target price of $20.00. In analyzing these forecasts, the average price target given by analysts for Opera Limited (OPRA) is $20.25.
